Cheapest Car Insurance In Pensacola, FL 2024

Our investigation revealed that State Farm is the best choice for cheap car insurance in Pensacola.

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Updated: 10 July 2024
Written by Bob Phillips
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Car insurance in Pensacola comes with an average yearly cost of approximately $2,245. This positions it favorably in comparison to Florida’s state average ($2,310)review, our objective is to guide you towards the optimal choices.

Not only will we direct you towards the most budget-friendly choice overall (State Farm), but also highlight the best options for full coverage (Travelers), minimum coverage (GEICO), coverage following driving violations (USAA), and even options tailored for seniors (Progressive).

Cheapest Car Insurance In Pensacola, FL 2024

Cheapest Car Insurance, Pensacola 2024

Compare The Cheapest Car Insurance Companies In Pensacola, FL

J.D. Power Rating (Florida) Best For Overall Rating Average Annual Cost AM Best Rating GEt A Quote
State Farm

840

Cheapest Overall

4.9

$1,840

A++

Instant Quote
Travelers

818

Full Coverage

4.8

$2,208

A++

Instant Quote
USAA

884

Cheapest For Driving Violations

4.9

858
Increase after violation

A++

Instant Quote
GEICO

833

Cheapest Minimum Coverage

4.9

$437

A++

Instant Quote
Progressive

810

Seniors

4.9

$2,066

A+

Instant Quote
GEICO

833

Young Drivers

4.9

$3,451

A++

Instant Quote
Scroll to see comparisons

Our Methodology

To discover the most affordable car insurance rates in Pensacola, we looked into data from various car insurance review sources. Some of these sources analyzed rates from public records provided by Quadrant Information Services. Our review is based on an average of these rates, but it's important to note that rates can change often and vary depending on your unique situation.

Additionally, our overall assessment takes into account my personal viewpoint. This perspective comes from my fifteen years of experience as a licensed insurance agent, fourteen years as a Florida resident, and over three decades of purchasing car insurance.

44

Quotes Analyzed

15+

Years Of Industry Experience

22

Brands Reviewed

29+

Research Hours

Cheapest Car Insurance Companies In Pensacola, Florida


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

Upon delving into the realm of most economical car insurance in Pensacola, Florida, our scrutiny pinpointed State Farm as a vigorous contender across all categories. However, what particularly stood out was their average rate, encompassing both minimum and full coverage, which emerged as the most budget-friendly overall. In addition, you can bundle up your car insurance and homeowners insurance in Pensacola if you own both to save on insurance rates.

State Farm boasts nearly a century-long history of insuring vehicles, solidifying its presence. In fact, it holds the distinction of having the highest number of local neighborhood offices among all insurers in the United States. This insurer extends a suite of distinctive attributes and options for drivers to capitalize on:

  • Varied coverage options: Beyond standard coverage, drivers have the flexibility to opt for rental car reimbursement, roadside assistance, travel expense insurance, and even rideshare insurance.
  • Telematics program: A technologically advanced program that remotely monitors driving behaviors, rewarding those who adhere to safe practices with discounted rates. This initiative aims to curtail costs for individuals with limited driving experience.

Reputable standing in the industry and customer service realm: State Farm shines with the highest AM Best ratings, earning an A++ Superior mark for financial strength. Furthermore, it garners strong ratings in J.D. Power’s evaluations of insurers operating within Florida.

Benefits & Drawbacks

Benefits
  • Discount for usage-based insurance
  • Extensive presence of local agents nationwide
  • Favorable discount options for teenagers and students
Drawbacks
  • Elevated annual rates for drivers with low credit scores

Cheapest Overall Rates In Pensacola

Company Rate Per Year
State Farm $2,197
GEICO $2,619
Mercury $2,876
Allstate $3,218
Progressive $3,274

Cheapest For Full Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
7/10 Customer Reviews
8/10 Claims/Payouts
8/10 Coverage Level

Why We Like Them

When it comes to securing the most budget-friendly full coverage in Pensacola, Travelers takes the lead. Full coverage entails:

  • $100,000 bodily injury liability coverage per person
  • $300,000 bodily injury liability coverage per accident
  • $50,000 property damage liability coverage per accident
  • $100,000 uninsured motorist bodily injury coverage per person
  • $300,000 uninsured motorist bodily injury coverage per accident
  • Collision coverage featuring a $1,000 deductible
  • Comprehensive coverage with a $1,000 deductible

Travelers emerges as a prominent figure in the insurance sector, known by many as a reputable name. It ranks among the major car insurance providers in the United States and captures the preference of individuals seeking to collaborate with an independent agent while seeking a one-stop solution for multiple insurance products.

Travelers shines in distinct aspects. Firstly, they offer gap insurance, a safeguard for your auto lease or loan in the event your vehicle is totaled before the loan is settled or the lease concludes. Travelers bridges the gap between your loan balance and your car’s value in such circumstances.

Secondly, Travelers’ Responsible Driver Plan delivers noteworthy benefits. This program extends the forgiveness of one accident and one minor violation within a specified timeframe. As a result, your insurance rates remain untouched despite facing a ticket or an accident.

Benefits & Drawbacks

Benefits
  • Affordable rates for comprehensive coverage
  • Wide array of available coverage options
  • Among the largest insurance companies in the United States
Drawbacks
  • Customer satisfaction ratings below the average
  • Lack of rideshare insurance options in Florida

Cheapest Full Coverage Rates In Pensacola

Company Rate Per Year
Travelers $1,380
State Farm $1,390
Progressive $1,960
Allstate $2,160
Nationwide $1,890

Cheapest For Driving Violations

Overall Rating
4.9

Key Statistics

10/10 Affordability
10/10 Customer Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

If you’ve ever been pulled over and got a ticket, you probably saw your auto insurance rates go up, especially if you’re a younger driver. And if the offense was more serious, like DUI or reckless driving, the rate increase was likely bigger.

USAA is the fairest when it comes to raising rates after incidents like speeding tickets, at-fault accidents, or DUI convictions. People with past driving violations have seen smaller rate increases with USAA compared to other auto insurance companies.

USAA provides standard liability coverage and comprehensive and collision insurance, similar to other auto insurers. They also offer common add-ons like roadside assistance, rental car and travel reimbursement, and accident forgiveness.

However, it’s important to know that USAA only serves active military personnel, veterans, and their families.

Benefits & Drawbacks

Benefits
  • Top-ranking J.D. Power score for customer satisfaction
  • Comprehensive range of insurance, investment, and banking offerings
Drawbacks
  • Exclusive availability to veterans, active military personnel, and their families

Cheapest Rates After A Driving Violation

Company Annual Increase
USAA $929
State Farm $1,572
Allstate $1,955
GEICO $2,487
MetLife $2,123

Cheapest For Seniors

Overall Rating
4.9

Key Statistics

9/10 Affordability
8/10 Customer Reviews
8/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

Senior drivers in Pensacola tend to find some of the most affordable car insurance rates. Among the options, Progressive stands out with the lowest rates for seniors.

Progressive ranks as the third-largest auto insurance company in the country. It’s known for its wide range of coverage and numerous discounts, including coverage for rideshares and injured pets. They even offer coverage types that many other insurers don’t, like gap and rideshare insurance.

What’s more, Progressive values its long-term policyholders. If you’ve been with them for five years or more without any accidents, they won’t raise your premiums for significant claims. You can also buy accident forgiveness insurance and have multiple accidents forgiven.

Benefits & Drawbacks

Benefits
  • Ranks as the third-largest provider of personal auto insurance in the U.S.
  • Offers coverage for vet bills in case of car accident injuries to animals
  • Provides rideshare coverage
Drawbacks
  • Receives below-average customer satisfaction ratings according to J.D. Power
  • Limited availability of agents

Cheapest Car Insurance Companies For Seniors

Company Rate Per Year
Progressive $2,061
Travelers $2,274
Mercury $2,313
Safeco $2,476
Liberty Mutual $3,317

Cheapest For Young Drivers

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

In Pensacola, young drivers face the highest car insurance rates due to their limited driving experience and higher likelihood of being in accidents.

Among the options, GEICO stands out by offering the most budget-friendly rates for young drivers in Pensacola. Their average premium is remarkably low at $3,451. While this represents the most affordable choice for teenage and early 20s drivers, it can still be a financial challenge.

Thankfully, GEICO is notably accommodating with discounts. Young drivers have the opportunity to qualify for various discounts, including a good student discount of up to 15%. Moreover, safe drivers can enjoy a discount of up to 22% for maintaining an accident-free record, and those with new vehicles that are three model years old or newer can benefit from a new car discount.

Furthermore, young drivers who have completed a driver’s education class in school or a defensive driving course can also secure additional discounts.

Benefits & Drawbacks

Benefits
  • Offers high policy limits
  • Features a highly-rated mobile app for convenience
  • Holds an A+ rating from the Better Business Bureau (BBB)
Drawbacks
  • Lacks the provision of gap insurance
  • Operates with a restricted number of local agents

Cheapest Auto Insurance Rates For Young Drivers In Pensacola

Company Rate Per Year
GEICO $5,447
Travelers $6,157
State Farm $7,105
Mercury $14,772
Progressive $9,268

Cheapest For Minimum Coverage

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims/Payouts
9/10 Coverage Level

Why We Like Them

In Pensacola, our analysis revealed that GEICO tends to offer the least expensive state minimum coverage on average. In Florida, the law mandates drivers to hold at least $10,000 in property damage liability insurance and $10,000 in personal injury protection (PIP). Notably, bodily injury liability coverage is not obligatory for Florida drivers.

GEICO consistently earns commendable marks for customer service, claims handling, recommendations from customers, policy renewals, and fostering customer loyalty. As the second-largest auto insurance company in the United States, it has established a reputation for extending budget-friendly rates to customers via online platforms and phone interactions.

GEICO is equipped with an array of discounts, making it the most economical choice for Pensacola drivers owning older vehicles, aiming to curtail expenses by adhering to Florida’s mandatory minimum auto insurance coverage. Conveniently, you can manage your policy with ease through the company’s website and mobile app, both recognized for their user-friendly interfaces.

Benefits & Drawbacks

Benefits
  • Higher-than-average J.D. Power rating for customer satisfaction
  • Well-developed website and mobile app
  • Numerous available discounts
Drawbacks
  • Gap or rideshare insurance options are not provided
  • Availability of local agents is limited

Cheapest Auto Insurance Rates For Minimum Coverage

Company Rate Per Year
GEICO $640
State Farm $700
Travelers $650
Farmers $1,385
Mercury $770

Average Cost Of Auto Insurance In Pensacola– By Age

Age Group Average Yearly Rate
Teenagers $6,572
20s $3,619
30s $2,994
40s $3,340
50s $3,094
60s $2,357
70s $3,487

Average Car Insurance Rates In Pensacola – By Gender

Gender Average Annual Rate
Male $2,268
Female $2,292

Average Car Insurance Rates In Pensacola – By Marital Status

Marital Status Average Annual Rate
Single $2,171
Married $2,171
Divorced $2,249
Widowed $2,188

Average Cost Of Auto Insurance In Pensacola – By Accident And Violation History

Violation Average Annual Premium
DWI/DUI $3,289
Reckless Driving $3,360
At-Fault Accident (damage <$1,000) $3,081
At-Fault Accident (damage >$2,000) $3,081
Speeding (16-20 MPH > limit) $2,811

Average Rates In Pensacola – By Credit Tier

Very poor: $4,406
Fair $2,785
Good $2,266
Very good $2,080
Exceptional $1,858

Average Auto Insurance Cost In Pensacola – By Zip Code

ZIP Code Average Rate
32506 $268
32507 $254
32508 $394
32511 $378
32513 $265
32514 $260

Minimum Car Insurance Requirements In Florida

As you explore car insurance options, remember the essential coverage demanded by Florida law:

  • Property damage liability per accident: $10,000
  • Personal injury protection: $10,000

These figures represent the minimum coverage mandated in Florida. Depending on your vehicle and driving frequency, you might consider higher limits or include collision and comprehensive insurance.

How To Buy Car Insurance In Pensacola

If you're in the process of purchasing car insurance in Pensacola, follow these five straightforward steps for a smooth buying experience:

Determine the kind of car insurance that suits your needs

Consider whether you require minimum coverage, full coverage, or something in between. Factor in your vehicle’s value and your annual driving mileage.

1

Keep your personal and vehicle details ready

Prepare information like your driver’s license number, social security number, Vehicle Identification Number (VIN), and your current mileage.

2

Obtain quotes from at least three different companies

Ensure that you’re comparing quotes with similar coverage levels and limits.

3

Make your choice and secure your policy

While price is a factor, try not to base your decision solely on it. The best insurance provider for you might not necessarily be the cheapest.

4

Cancel your existing policy

Remember, your new insurance company won’t cancel your old policy for you. It’s your responsibility to do so. However, don’t cancel until you’re certain that your new coverage is active.

5

Factors That Impact The Cost Of Your Car Insurance Policy In Pensacola

When determining your auto insurance cost in Pensacola, insurance companies consider various factors, including:

  • State Requirements: Your policy must meet the minimum coverage mandated by the state of Florida, which is $10,000 in damage liability and $10,000 in personal injury protection (PIP).
  • Your Age: Younger drivers often face higher rates due to their inexperience and higher likelihood of accidents. Rates generally start decreasing after turning 25.
  • Your Car’s Make and Model: Safer vehicles typically lead to lower rates. For instance, insuring a late-model Toyota Corolla usually costs less than a Chevrolet Corvette.
  • Driving Record: Previous accidents and traffic violations can lead to significant rate increases, as they indicate a higher likelihood of filing future claims.
  • Yearly Mileage: Those with long commutes tend to pay more compared to those who drive less frequently.
  • Credit History: A higher credit score often results in lower rates. Insurers have found that individuals with higher scores tend to file fewer claims.
  • Zip Code: Depending on your work location and overnight parking spot, your vehicle’s risk of vandalism or damage can affect your rate. This might lead to discounts or rate increases.
  • Marital Status: Married drivers generally receive lower rates than single drivers.
  • Gender: Men around the age of 45 typically pay around 6% less than females of the same age. However, the gender difference tends to level out for drivers in their 30s.

Car Insurance Discounts In Pensacola

Car insurance rates in Pensacola offer more affordability compared to larger cities in Florida, such as Tampa and Miami. If you’re aiming to lower expenses, exploring available discounts is crucial. The prevalent discounts include:

  • Having a good driving history
  • Installing vehicle safety features
  • Customer loyalty
  • Being claims-free
  • Driving fewer than average miles
  • Being a student with at least a “B” average
  • Military discount
  • Senior discount

Florida Car Insurance Laws To Know

Motorists in Florida must possess at least $10,000 in property liability insurance and $10,000 in personal injury protection (PIP) coverage.

Florida follows a no-fault system. This means that regardless of who is at fault in an accident, insurance companies are obligated to cover medical expenses.

In The News

As reported by the Dallas Morning News, individuals throughout Florida are grappling with financial challenges due to rising costs, including the highest inflation in four decades. Concurrently, they are also contending with the most substantial yearly surge in auto insurance rates in over two decades.

Auto insurance premiums in Florida experienced a remarkable 23.8% increase in 2022, a significant jump compared to the 2021 rate and marking the highest annual rise in at least 20 years. This data, provided by the Florida Department of Insurance, is paralleled by a 10.8% average uptick in homeowners insurance rates in the state during the previous year, representing the most notable annual increase since 2012.

FAQs

How much does car insurance cost in Pensacola on average?  

On average, full coverage car insurance in Pensacola costs around $2,562 per year, while minimum coverage averages at approximately $1,121 annually.

What is the cheapest car insurance in the State of Florida?  

For those seeking minimal liability coverage, GEICO offers the most affordable car insurance in Florida, with rates starting at $437 annually.

Do I need car insurance in Pensacola?  

Auto liability insurance is mandatory for Pensacola drivers as per Florida law, ensuring coverage in case of accidents.

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